The greenback continued its gains over sterling to over a cent above where it was to begin the week.
As onlookers waited for Jerome Powell’s speech last night, Raphael Bostic, chair of the Federal Reserve’s Atlanta branch, also spoke about central lending. In similar remarks, Bostic insisted that it would wait until it was sure inflation had reached 2% before it looked to reduce interest rates.
Inflation statistics and GDP numbers are due to be released by the world’s largest economy next week, along with a raft of smaller, but no less intriguing reads.
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.
USD/GBP: the past year
